recession

Oil edged lower on Monday under pressure from revived concerns about a euro zone economic slump and political uncertainty, while a North Sea production problem, worries about Iran, and potential supply disruptions limited losses.

Oil edged lower on Monday under pressure from revived concerns about a euro zone economic slump and political uncertainty, while a North Sea production problem, worries about Iran, and potential supply disruptions limited losses.

Oil edged lower on Monday under pressure from revived concerns about a euro zone economic slump and political uncertainty, while a North Sea production problem, worries about Iran, and potential supply disruptions limited losses.

Abu Dhabi-based investment firm, The National Investor (TNI), has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response to tough financial markets, several sources told Reuters on Monday.